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. he does not have the experience to manage a very large organization like the pentagon. and we've actually had-- i think leon pa98 has done a wonderful job. i supported his nomination. he did have a lot of experience prior to coming here. and if there's a place we need great management, it's the pentagon, and a great manager. >> o'donnell: senators coburn and durbin, good luck today. >> thank you. >> o'donnell: a busy day this sunday. >> we actually had breakfast together. >> o'donnell: i think the american people wish you luck, too, with your gang of eight. we'll be right back. for an idea. a grand idea called america. the idea that if you work hard, if you have a dream, if you work with your neighbors... you can do most anything. this led to other ideas like liberty and rock 'n' roll. to free markets, free enterprise, and free refills. it put a man on the moon and a phone in your pocket. our country's gone through a lot over the centuries and a half. but this idea isn't fragile. when times get tough, it rallies us as one. every day, more people believe in the american idea an
finances. >> reporter: lawmakers postponed the automatic spending cuts that would have hit the pentagon and other federal agencies this week. they did strike a deal on taxes. three hours before the midnight deadline, senate majority leader mitch mcconnell and vice president joe biden emerged with a compromise on taxes and agreed to wait on slashing spending. >> this was the mini cliff. the big cliff still lies in front of us. >> reporter: president obama had scolded congress for waiting so long. >> one thing we can count on with respect to this congress is that if there's even one second left before you have to do what you're supposed to do, they will use that last second. >> reporter: the bush-era tax cuts remain in place for individuals earning as much as $400,000 a year, far above the 250,000 level on which president obama campaigned. but those making more will see higher income taxes, capital gains, plus a new health care reform surtax. rob wood says you'll notice in your paycheck one popular tax cut will be history. >> the average person, say, earning $50,000 a year is going to pay
was remembered today at the rose parade in california. the pentagon sponsored a float that was a replica of the korean war memorial in washington, d.c. six veterans of the war were aboard. there was also a reunion. a soldier just back from thghanistan surprised his wife and son. ehey'd won a contest to attend, but had no idea he'd be marching. how asians are bringing big changes to one texas city. next. city. next. . i know it's been a difficult time since your mom passed away. yeah. i miss her a lot, but i'm okay. wow. that was fast. this is the check i've been waiting for. mom had a guaranteed acceptance life insurance policy through the colonial penn program, and this will really help with the cost of her final expenses. is it affordable? it costs less than 35 cents a day-- that's pretty affordable, huh? that's less than the cost of a postage stamp. so, you said it was guaranteed acceptance? yes. it's for people ages 50 to 85. there's no medical exam or health questions. you can't be turned down because of your health. it fit right into mom's budget and gave her added peace of mind. y
of across the board spending cuts that would have started hitting the pentagon and domestic agent sess agencies this week. >> we have done some good for the country. >> house speaker john boehner has not endorsed the deal yet so passage in the house is not a sure thing. we are joined on the phone now by congressman john garamendi a fairfield democrat who is going to be working today even though it's a holiday. >> got a long day ahead. thanks for joining us, congressman. happy new year to you. tell us, have you had a chance to look at the bill yet? what are the pros and cons ? >> happy new year to everybody in the bay area and hopefully it will be better than last year. i think it can be if we get our work done here in. what. none of us has seen the language of the bill. we will get that this morning as we return to the capital and go through our caucuses around noontime here in washington, d.c. however, the essential elements are known and that is that the "fiscal cliff" at least half of it has been put off, the tax side. the cuts are yet to be dealt with. those will be coming up in th
Search Results 0 to 3 of about 4

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